Bragar Eagel & Squire, P.C. Reminds Investors That a Class Action
Lawsuit Has Been Filed Against Ulta Beauty, Inc. (ULTA) and Encourages
Investors to Contact the Firm Before May 1st

April 19, 2018 06:05 PM Eastern Daylight Time

NEW YORK--(EON: Enhanced Online News)--Bragar Eagel & Squire, P.C. announces that a class action lawsuit has
been filed in the U.S. District Court for the Northern District of
Illinois on behalf of all persons or entities who purchased or otherwise
acquired Ulta Beauty, Inc. (NASDAQ:ULTA) securities between March 30,
2016 and February 23, 2018 (the “Class Period”). Investors have until
May 1, 2018 to apply to the Court to be appointed as lead plaintiff in
the lawsuit.

On February 9, 2018, post-market, it was reported that a consumer class
action lawsuit had been filed against Ulta, alleging that the Company
had engaged in the "widespread and surreptitious" practice of repacking
returned cosmetics and re-shelving them alongside unblemished products
to sell at full price. Following this news, Ulta's share price fell
$9.07 per share, or over 4%, to close at $209.48 per share on February
12, 2018.

On February 23, 2018, CBS News published a story on its website entitled
"Former Ulta Beauty employee says she felt pressured to resell used
products," reporting on statements, first made on Twitter by at least
one former Ulta employee, to the effect that Ulta store managers
frequently pressured the Company's employees to clean and resell used
products. Following publication of this article, Ulta's share price fell
$8.18 per share, or 3.9%, to close at $198.93 per share on February 26,
2018.

The Complaint alleges that Defendants made false and/or misleading
statements and/or failed to disclose that: (i) the Company was engaged
in the widespread practice of repackaging returned cosmetics and
re-shelving them alongside unblemished products to sell at full retail
price; and (ii) that as a result of the foregoing, Ulta’s public
statements were materially false and misleading at all relevant times

If you purchased or otherwise acquired Ulta securities and suffered a
loss, continue to hold shares purchased prior to the Class Period, have
information, would like to learn more about these claims, or have any
questions concerning this announcement or your rights or interests with
respect to these matters, please contact Brandon Walker or Melissa
Fortunato by email at investigations@bespc.com,
or telephone at (212) 355-4648, or by filling
out this contact form. There is no cost or obligation to you.